Contributions
669 recent contributions in Hansard
HANSARDSupport for Energy Customers: April 2023It is good to see the Ministers still in their place for a wee while. Just six days ago, Martin Sartorius, the principal economist at the CBI, said: “The prospect of household…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)I do not want to be the fly in the ointment, but I would like some assurances from the Minister about the FMI sandboxes. The Clifford Chance briefing notes that “the FSMA Bill…25 Oct 2022HANSARDSupport for Energy Customers: April 202315. Whether his Department plans to take steps to support (a) domestic and (b) non-domestic energy customers after March 2023.25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)Will the Minister help with a quick clarification on proposed new section 71Q? It refers to “conferring powers of entry”. Would that be on His Majesty’s Revenue and Customs? It…25 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)I am chair of the all-party parliamentary group on blockchain.19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q May I ask you both about clauses 21 and 22, and digital settlement assets? Ms Reynolds, you talked about high standards. I wonder if you could both say whether you agree that…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Perhaps we could come back, Mr Hemsley, to the issue of stablecoin. Some countries have actually banned its use; the European Union, as we have heard from the markets in…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q But if the technology is moving that fast, how is Parliament—and, therefore, any legislation—going to keep up with it? That is a concern. Emma Reynolds: The definition is broad…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Would that include the smaller and medium-sized companies that might be involved, not just the big players? That halo effect is a concern for others, because the definition is…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Forgive me, but you said there are similar issues. Frankly, there is nothing new under the sun. I am a fan of the technology, but it is the technology that has changed, not the…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q It is good to see you, deputy governor. In June this year, at the annual lecture of the Bank for International Settlements, the former Governor of the Bank of England —who I…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Let me say a little extra on that. I do not want you to conflict with your former colleague, but— Sir Jon Cunliffe: No, no, it is fine. We are friends.19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q If you look at other countries that are far more digitally enabled than the UK and Northern Ireland, notably Estonia—let me declare a non-pecuniary interest as the chair of that…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q In terms of clauses 21 and 22 on digital settlement assets, how effective do you think the Bill will be in ensuring that we reduce fraud with digital settlement assets that use…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Mr Jackson, you said earlier that Singapore had forward regulation. Some of us on the Committee might see that as meaning that it is less robust than what the EU is proposing. I…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q My concern is that blockchain has been around for a long time. Fraud is not new—there is nothing new under the sun. Do you have a concern about the ability of the regulators to…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)He did say this, which I take in terms of stablecoin as well: “Ultimately, crypto either has such extrinsic value without a use case, or has a use case as an NFT that perfects…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q I think both of you will agree with what I am about to ask you. Would you agree that those most in favour of a cashless society are those with the most money in their bank?…19 Oct 2022HANSARD Trade Deals: Parliamentary ScrutinyWest Dunbartonshire.12 Oct 2022HANSARD Trade Deals: Parliamentary ScrutinyI thank the hon. Member for Totnes (Anthony Mangnall) for securing the debate. Members will know that I have a very specific interest in ensuring there is ample scrutiny of these…12 Oct 2022